Within the next 25 years, the gap between the supply of workers and the demand in the United States will grow to 35 million, according to a recent seminar presented by Deloitte Touche Tohmatsu. This means that the war for talent is just beginning, the financial service consulting firm warned.

As early as 2010, as baby-boomers approach retirement, there will be an estimated shortfall of 10 million U.S. workers. At the same time, the 35-44 age group will see a decline in its labor force presence, while the over-55 age group will increase. By the century's mid-point, a 47 percent shrinkage in the working-age population is predicted.

The insurance industry will not remain immune to these symptoms of an aging work force. Deloitte predicts that recruiting college graduates and other new talent into the industry will become increasingly difficult. “There is a declining pool of well trained workers,” Deloitte noted. “There is a large number of underwriters and claim adjusters that will need to be recruited in order to meet future employment requirements.”